复旦再发JFE！2024年9月刊目录及摘要

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0 1. Concealed carry 作者 Spencer Andrews  Riccardo Colacito  Mariano M. Croce d e  Federico Gavazzoni  摘要 The slope carry takes a long (short) position in the long-term bonds of countries with steeper (flatter) yield curves. The traditional carry takes a long (short) position in countries with high (low) short-term rates. We document that: (i) the slope carry return is slightly negative (strongly positive) in the pre (post) 2008 period, whereas it is concealed over longer samples; (ii) the traditional carry return is lower post-2008; and (iii) expected global growth and inflation declined post-2008. We connect these findings through an equilibrium model in which countries feature heterogeneous exposure to news shocks about global output and global inflation. 斜率利差在收益率曲线较陡峭（较平坦）的国家的长期债券中占据多头（空头）位置。在短期利率高（低）的国家，传统的利差采取多头（空头）头寸。我们记录 ………………………………